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Jan 18, 2013
01/13
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as we reinvest, the overall low rate of environment is not unusual. we do have offsets in our loan portfolio as our national strategic non-portfolio runs down or winds off. we have an opportunity to invest in higher yield customer oriented relationships, and so we think we've got some stabilizing forces. it's hard to tell exactly how the market reacted in one given day to our net interest margin. but we feel like we've had pretty good management of it and i'm optimistic we'll maintain some stability in a tough environment in 2013. >> your fee income did come in lower than expected, though, both capital markets and mortgage banking. is that just a one-time only? are we going to see a better series of numbers in 2013? >> well, yeah, capital markets is probably the big driver of any up or down movement in our fee income. the fourth quarter was an unusual quarter in a couple of ways. one, you had the impact of hurricane sandy where the markets were closed for a couple of days. we saw average daily revenue in the business drop from about 1.2 to about $1.1
as we reinvest, the overall low rate of environment is not unusual. we do have offsets in our loan portfolio as our national strategic non-portfolio runs down or winds off. we have an opportunity to invest in higher yield customer oriented relationships, and so we think we've got some stabilizing forces. it's hard to tell exactly how the market reacted in one given day to our net interest margin. but we feel like we've had pretty good management of it and i'm optimistic we'll maintain some...
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Jan 13, 2013
01/13
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. >> the train dispatchers and supervisors would operate out of this office environment. they had several different workstations where they could see the trains coming in and out of the station and further up the line. completely destroyed. need to be replaced and rebuilt. >> the force of the water so great, it even destroyed escalators designed to last 40 years. >> the actual force of the water coming down the escalator lifted the landing plates from position. the pit itself still has several feet of water standing in it. these are one of our escalators that's a total loss. >> so this is going to have to come out altogether? >> come out and be replaced. >> the destruction here is just a part, a big part, but just a part of the pounding that the infrastructure system took as a result of superstorm sandy. just imagine, if you will, what happened to the electrical grid on the eastern seaboard. >> the northeast, obviously, took a real beating as a result of superstorm sandy. and i think it did reveal a number of weaknesses. among them, questions have come up fairly, i think,
. >> the train dispatchers and supervisors would operate out of this office environment. they had several different workstations where they could see the trains coming in and out of the station and further up the line. completely destroyed. need to be replaced and rebuilt. >> the force of the water so great, it even destroyed escalators designed to last 40 years. >> the actual force of the water coming down the escalator lifted the landing plates from position. the pit itself...
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Jan 14, 2013
01/13
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FBC
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we don't have that environment anymore. maybe that is good for the sunshine law but with intense media scrutiny and day-to-day negotiations it is tougher to get the deal done. i would like for them to go to camp david for one week. lori: with a chance to get spending cuts? will republicans have any leverage? >> there is opportunity to have responsible conversation. lori: that anything done? >> it is possible. the budget that was criticized the president has proposed drastic spending cuts and froze discretionary spending over five years not what democrats would be happy about what would follow if there was a deal. it is maybe a little less likely than one year ago but it is possible. lori: meno bernanke will leave at the end of the term. how will that unfolds? >> now -- now they say tim geithner will go to the head of the federal reserve. [laughter] i think he has had his do but it is a close relationship. it is with the entire board and not just the chairman. on lot of people have known them for a long time. lori: who will
we don't have that environment anymore. maybe that is good for the sunshine law but with intense media scrutiny and day-to-day negotiations it is tougher to get the deal done. i would like for them to go to camp david for one week. lori: with a chance to get spending cuts? will republicans have any leverage? >> there is opportunity to have responsible conversation. lori: that anything done? >> it is possible. the budget that was criticized the president has proposed drastic spending...
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Jan 17, 2013
01/13
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CNBC
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even in this low environment how do you do it? what's the plan? >> you do more deposits, more loans. in fact, last year our net interest income, the difference between what we get on the loans versus what we pay on deposits, an endless margin, dropped 18 basis point but we actually grew net interest income so you do more, and we've dealt with this low rate environment before. do i think rates are too low? yes. a lot of monetary stimulus, but we're able to operate in that environment, and it's been a real bargain for borrowers. on the other hand, savers have paid a real price. >> how do you offset that knowing that it's become tougher to make money in banking? >> well, this year we grew revenues by 6% quarter over quarter from a year ago and 6% you took the whole year. almost all of it on the non-interest income side. half of our revenues come from fee for services, mortgage brokerages, other things so we don't only live on the margin, if you will, so think of a company that can produce those kind of revenue numbers with no help from the margin or
even in this low environment how do you do it? what's the plan? >> you do more deposits, more loans. in fact, last year our net interest income, the difference between what we get on the loans versus what we pay on deposits, an endless margin, dropped 18 basis point but we actually grew net interest income so you do more, and we've dealt with this low rate environment before. do i think rates are too low? yes. a lot of monetary stimulus, but we're able to operate in that environment, and...
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Jan 15, 2013
01/13
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of pent-up demand, so i think this debate is centered on the right thing, what do we do to create an environment where businesses can grow. >> if we need and if republicans argue that what needs to be done is to cut the deficit, they need to perhaps go into default, are you okay with that? ivities illustrates well again i think we need to look at that time it through the lens of economy development. anything to slow this expansion down would have very, very serious consequences to all of us. >> let me ask you about your announcement last week. you were going to hire engineers, computer programmers. last year you announced to add 12,000 jobs by 2015. given everything that's going on, how confident are you that you'll still be able to meet that goal? >> well, i think that's absolutely our plan now, based on the strength of our products and the fuel efficiency, the quality, the safety that we have now -- we are now growing. we've hired 8,100 people last year. great jobs and great careers. as you pointed out, our plan is to expand the production even further to meet the demand and we're going to be
of pent-up demand, so i think this debate is centered on the right thing, what do we do to create an environment where businesses can grow. >> if we need and if republicans argue that what needs to be done is to cut the deficit, they need to perhaps go into default, are you okay with that? ivities illustrates well again i think we need to look at that time it through the lens of economy development. anything to slow this expansion down would have very, very serious consequences to all of...
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Jan 18, 2013
01/13
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MSNBC
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the more active members of the nra is that something that they believe but only say in the selective environment is they want to have enough fire power to fight police and military forces. >> frank smyth thank you for joining me tonight. some more unmasking of the nr are a is next. tom sellek has been with the nra for years. is he a man of courage or does he just play one on tv? what are you doing? nothing. are you stealing our daughter's school supplies and taking them to work? no, i was just looking for my stapler and my... this thing. i save money by using fedex ground and buy my own supplies. that's a great idea. i'm going to go... we got clients in today. [ male announcer ] save on ground shipping at fedex office. [ male announcer ] save on ground shipping living with moderate to semeans living with pain.is it could also mean living with joint damage. humira, adalimumab, can help treat more than just the pain. for many adults, humira is clinically proven to help relieve pain and stop further joint damage. humira can lower your ability to fight infections, including tuberculosis. serious, so
the more active members of the nra is that something that they believe but only say in the selective environment is they want to have enough fire power to fight police and military forces. >> frank smyth thank you for joining me tonight. some more unmasking of the nr are a is next. tom sellek has been with the nra for years. is he a man of courage or does he just play one on tv? what are you doing? nothing. are you stealing our daughter's school supplies and taking them to work? no, i was...
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Jan 15, 2013
01/13
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the training is critically important in a sensitive environment. i think we ought to have more standardized training and enhanced training for anyone who is a protective person at a school. but secondly, right now, we have about one third of the school s that have an armed presence. in california, i spoke to a school resource officer there, i believe they have about 500 in los angeles. they have them in philadelphia. do you want to pull those all out of the schools and not have any armed presence there when the local school district says it's important to protect our children? but it is more than that. that's why we need to look at -- >> do you think -- >> let me finish my answer, please. we need to look at the architecture of the schools. we need to look at other technology, how to keep them safe. it's much more than just being an armed presence. >> what are you going to arm them with that's going to protect these children from a deranged young person with an ar-15 that can fire up to 100 bullets in a minute? what weapon will you give your trained
the training is critically important in a sensitive environment. i think we ought to have more standardized training and enhanced training for anyone who is a protective person at a school. but secondly, right now, we have about one third of the school s that have an armed presence. in california, i spoke to a school resource officer there, i believe they have about 500 in los angeles. they have them in philadelphia. do you want to pull those all out of the schools and not have any armed...
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Jan 19, 2013
01/13
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MSNBC
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the real purpose was to create a political environment to take away all our guns. the american public is largely on board with at least some of the president's agenda. in a new nbc news/"wall street journal" poll, more than half, 56%, say laws covering the sale of firearms should be stricter. so what realistically can the president do? david corn is washington bureau chief for "mother jones," joy reid is managing editor of thegrio.com, and both are msnbc political analysts. joy, how large should he be looking? >> i think the president needs to go in with a large package obviously, but when you talk to individual lawmakers, particularly on the house side, you get the sense two things have to happen. first of all, something has to pass the senate. that theoretically could be large, but the house is going to be a much tougher sled, although i was speaking with a couple lawmakers yesterday who seemed to think parts of what the president wants could actually pass in the house. things that are pretty much noncontroversial, things like universal background checks that eve
the real purpose was to create a political environment to take away all our guns. the american public is largely on board with at least some of the president's agenda. in a new nbc news/"wall street journal" poll, more than half, 56%, say laws covering the sale of firearms should be stricter. so what realistically can the president do? david corn is washington bureau chief for "mother jones," joy reid is managing editor of thegrio.com, and both are msnbc political analysts....
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Jan 14, 2013
01/13
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CNBC
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this company is adapting to the environment in realtime in order to avoid interference and give you the strongest signal possible. ruckus avoids interference and this makes their wi-fi gateways and access points like cities or college campuses and because the product is superior, businesses that use ruckus' hardware need to buy fewer fi wi access points because it covers more area. the overall wi-fi equipment mark sket expected to grow from $3.4 billion to 8.4 billion in 2016. compound growth, 20% annually. but ruckus is taking shape in that market. i believe they would doll much better than the average wi-fi planner. getting two-thirds from the wireless networking business, 4% market share. that could go up. the company has ton of success in the schools. universities love to wire themselves up with wi-fi and ruckus gets a third of its enterprise from hotels. they can make their guests pay through the nose for it, right? a third comes from the service provider wi-fi market wherein ter net providers are providing their own wi-fi to their enterprise customers. they are handling the rapid
this company is adapting to the environment in realtime in order to avoid interference and give you the strongest signal possible. ruckus avoids interference and this makes their wi-fi gateways and access points like cities or college campuses and because the product is superior, businesses that use ruckus' hardware need to buy fewer fi wi access points because it covers more area. the overall wi-fi equipment mark sket expected to grow from $3.4 billion to 8.4 billion in 2016. compound growth,...
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Jan 18, 2013
01/13
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CNBC
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how do we make money in this environment? we know where we are, see what the reality is, may not be what you want but the fed is there, providing easy market and that's why this market wants to go nowhere but up except in equities. how do you make money in this market? >> the fed is pushing you into risk assets so that's where you go. you have to keep going while the band is playing, but this is what concerns me is at what point do we get the snap-back? we already started off 2012 with a record amount of money going into high yield. how would you like to buy c-paper and get 5.5% return on it as far as yield goes? >> i would hate to be a portfolio manager in this kind of environment because i don't know how you balance a portfolio in terms of risk. >> i would love to be one, and i think part of it is if you -- you can make money dmest click because stocks are still relatively valued or undervalued based on, you know, the fed's model and other models, a lot of opportunities to pick up stocks that were hit hard during the summer
how do we make money in this environment? we know where we are, see what the reality is, may not be what you want but the fed is there, providing easy market and that's why this market wants to go nowhere but up except in equities. how do you make money in this market? >> the fed is pushing you into risk assets so that's where you go. you have to keep going while the band is playing, but this is what concerns me is at what point do we get the snap-back? we already started off 2012 with a...
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Jan 15, 2013
01/13
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CSPAN2
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our core values demand that we maintain and sustain an environment of mutual respect. the air force succeeds because of the professionalism and discipline of our airmen. every airman is critically important, and everyone deserves to be treated with respect. anything less marginalizes great airmen, degrades our mission effectiveness and hurts morale and discipline. in november the chief of staff brought together the air force wing commanders worldwide, more than 156 senior colonels for an unprecedented daylong face to face meeting about sexual assault. as far as or i'm aware, this is the first time all wing commanders have met in a single praise at a single time -- place at a single time on any topic. it was an extremely candid discussion. the chief discussed to them as leaderses they must trial courtly and aggressively address this issue. his message was clear, we must redouble our efforts, and we need to start by assuring that our work environments reflect respect for all airmen. as part of this meeting, the chief announced a health and welfare inspection across the u
our core values demand that we maintain and sustain an environment of mutual respect. the air force succeeds because of the professionalism and discipline of our airmen. every airman is critically important, and everyone deserves to be treated with respect. anything less marginalizes great airmen, degrades our mission effectiveness and hurts morale and discipline. in november the chief of staff brought together the air force wing commanders worldwide, more than 156 senior colonels for an...
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Jan 14, 2013
01/13
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CNBC
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that's what you have to do particularly in today's environment where there is a fair amount of risk. let me ask you before we get into this dwe bait. how are you managing risk right now? how are you allocating capital? >> we're global managers so we have a broad spectrum where we can go now. we think overseas is advantageous rather than being in the u.s. close to the highs. yet the economy is -- the real economy is trading somewhat off its highs. if you look at europe, for example, where the headlines have been negative. the news flow has been awful. performance has been awful as well. so the market in europe has more reflected the performance of the real economy than it has here in the u.s. the fed qe program, the safe haven of the u.s. has caused money to flow to this part of the world. i think that leaves the u.s. a little pricier and perhaps more of a risk. >> it takes courage to fight the fed, though, right? >> absolutely. but ultimately and jack said it, fundamentals do matter. i think the market will reflect those. >> i heard active management does better in down markets than
that's what you have to do particularly in today's environment where there is a fair amount of risk. let me ask you before we get into this dwe bait. how are you managing risk right now? how are you allocating capital? >> we're global managers so we have a broad spectrum where we can go now. we think overseas is advantageous rather than being in the u.s. close to the highs. yet the economy is -- the real economy is trading somewhat off its highs. if you look at europe, for example, where...
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Jan 16, 2013
01/13
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CNBC
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. >> one what are the things you think you can do in this environment? by the way, i talked to bankers who say, you know what, i don't know if anyone's going to trust us. first of all i'm not sure anyone did historically trusted banks. >> agreed. >> and that it may never get that much better until, frankly, the economy gets better and the unemployment picture gets better. >> i would sake exception with never. i think there have been times in the past when the banker was your friend. you knew you could go down and get a loan if you needed to buy a house. you didn't worry about whether you could qualify. you worried about, you know, what house you wanted to buy. those are the types we need to get back. to frankly, banking's only one part of the financial services industry. this is a very broad, very wide industry. markets are driven based on people's confidence in their future, their willingness to invest in something they think has a better future than the current times. so earning that confidence. you know, financial advisers in our industry, professiona
. >> one what are the things you think you can do in this environment? by the way, i talked to bankers who say, you know what, i don't know if anyone's going to trust us. first of all i'm not sure anyone did historically trusted banks. >> agreed. >> and that it may never get that much better until, frankly, the economy gets better and the unemployment picture gets better. >> i would sake exception with never. i think there have been times in the past when the banker was...
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Jan 17, 2013
01/13
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you think the safest environment. i became paralyzed. now it just shows that you can't prevent every gun related incident. but we can make sure that we take common sense steps to keep our kids safe and the answer isn't always more guns, especiallily having more guns around our kids. so when i hear things like we're going to arm teachers, security officers in schools, it does concern me and by the way, there's a difference between trained police officers i would be much more open to that idea, we do have trained police officers, resoursz officers in schools and they certainly have a role to play, but it isn't necessarily about having guns in our schools that's going to keep our kids safe. making sure that weapons don't get in the wrong hands, criminals or people that have been ruled to be in mental health issuings that would preclude them from having a weapon because they're a danger either to themselves or to others. >> what path do you see forward? speaker john boehner has said the senate needs to act first on this gun legislation, but
you think the safest environment. i became paralyzed. now it just shows that you can't prevent every gun related incident. but we can make sure that we take common sense steps to keep our kids safe and the answer isn't always more guns, especiallily having more guns around our kids. so when i hear things like we're going to arm teachers, security officers in schools, it does concern me and by the way, there's a difference between trained police officers i would be much more open to that idea,...
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Jan 16, 2013
01/13
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CNBC
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dimon asked the feds for smaller buy back to go forward to play it safe in a regulatory environment. sue, back to you. >> thank you very much. matt, covering goldman sachs and j.p. morgan for wells fargo. matt, first of all, let's go to j.p. morgan. how do you rate the stock and do today's rates change the way you feel about the stock? >> thanks, sue. we have an outperform rating on j.p. morgan today and we've had it for some time. we think today's results actually were, once you read through a number of the one-time items, relatively strong. we see a core return on tangible common equity in mid teens. and we think that the strong mortgage performance of the company as well as the relatively strong performance out of investment bank, good revenue performance, and as your previous reporter mentioned, preconference as well and that leads it a solid performance. relative to the peer group for the next six to 12 months. >> so matt, give mae choice between goldman sachs and j.p. morgan. i know they have fundamental differences between them, but if you have to buy one stock today, would it
dimon asked the feds for smaller buy back to go forward to play it safe in a regulatory environment. sue, back to you. >> thank you very much. matt, covering goldman sachs and j.p. morgan for wells fargo. matt, first of all, let's go to j.p. morgan. how do you rate the stock and do today's rates change the way you feel about the stock? >> thanks, sue. we have an outperform rating on j.p. morgan today and we've had it for some time. we think today's results actually were, once you...
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Jan 19, 2013
01/13
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MSNBCW
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eye 118
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the real purpose was to create a political environment to take away all our guns. the american public is largely on board with at least some of the president's agenda. in a new nbc news/"wall street journal" poll, more than half, 56%, say laws covering the sale of firearms should be stricter. so what realistically can the president do? david corn is washington bureau chief for "mother jones," joy reid is managing editor of thegrio.com, and both are msnbc political analysts. joy, how large should he be looking? >> i think the president needs to go in with a large package obviously, but when you talk to individual lawmakers, particularly on the house side, you get the sense two things have to happen. first of all, something has to pass the senate. that theoretically could be large, but the house is going to be a much tougher sled, although i was speaking with a couple lawmakers yesterday who seemed to think parts of what the president wants could actually pass in the house. things that are pretty much noncontroversial, things like universal background checks that eve
the real purpose was to create a political environment to take away all our guns. the american public is largely on board with at least some of the president's agenda. in a new nbc news/"wall street journal" poll, more than half, 56%, say laws covering the sale of firearms should be stricter. so what realistically can the president do? david corn is washington bureau chief for "mother jones," joy reid is managing editor of thegrio.com, and both are msnbc political analysts....
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Jan 19, 2013
01/13
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KPIX
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and that's a huge increase in temperature in the marine environment. >> reporter: how could you characterize the shrimp stocks off the coast of maine today? >> in critical condition. >> reporter: critical? >> critical condition. >> reporter: patrick kelleher is the commissioner of the maine department of marine resources. it's his job to protect the fishery. so he and a committee took the step of limiting the shrimp catch to less than one and a half million pounds-- down 72% from last year. >> it takes a while for this population to catch back up. it's not a rosy picture at all. it's very difficult. very difficult for the managers, but it's a hell of a lot more difficult for the fishermen. >> reporter: the 300 shrimp traps that cost ronald pinkham $85 apiece may never make it out of his backyard this year. so if you're not out shrimping that's a couple people without work. >> three or four people without work. so it kind of snowballs down the line. with the restrictions on shrimping it may be that the only thing pinkham and colby catch this winter is a beautiful sunrise. seth doane, cbs news
and that's a huge increase in temperature in the marine environment. >> reporter: how could you characterize the shrimp stocks off the coast of maine today? >> in critical condition. >> reporter: critical? >> critical condition. >> reporter: patrick kelleher is the commissioner of the maine department of marine resources. it's his job to protect the fishery. so he and a committee took the step of limiting the shrimp catch to less than one and a half million...
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Jan 15, 2013
01/13
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CNBC
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treasury, and that type of environment where dividends are going to grow 10% this year, that can be a good backdrop on stocks like ford that developed its dividend last week, lowe's on the home improvement side and dresser injuries and transindustries. >> with all due respect, jpmorgan out yesterday saying that maybe the dividend play is last year's play and maybe now is the time to get into riskier assets in equities because they feel like the economy is going to start to pick up. so you're sticking with the dividend play though? >> i am. for these two reasons. one, bill, the growth of dividends is the story. not the absolute yield. it's the growth in dividends and that can be names like qualcomm, apple, ford is my example. second. when investors look much like 1994 and 1999, when interest rates went higher, the ten-year treasury was yielding, was returning minus 3% for those two calendar years. people will come back to the stock market, but they will come back to the stock market in the safer yield and dividend-growing stories. that is why i think the catalyst for david dents will s
treasury, and that type of environment where dividends are going to grow 10% this year, that can be a good backdrop on stocks like ford that developed its dividend last week, lowe's on the home improvement side and dresser injuries and transindustries. >> with all due respect, jpmorgan out yesterday saying that maybe the dividend play is last year's play and maybe now is the time to get into riskier assets in equities because they feel like the economy is going to start to pick up. so...
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Jan 14, 2013
01/13
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CSPAN
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that is a rich interest level in this environment. you have to wonder if the bank isn't holding on to your loan to maintain that high level of interest. i wonder if the might be worth your while to try to go to another bank and not refinance with the same company. it has become a much more difficult circumstances to get a mortgage because the banks are still recovering from all the bad loans that day made during the real estate mania. host: this idea of the debt to income ratio. that was something richard cordray talked-about. this is from american hero joe. explain this issue for us. guest: this goes to the heart of the ability to repay the loan. we do not want people taking on loans that they cannot afford to repay. 43% is the outside level. if your mortgage debt sure other debt -- car loans, credit cards -- exceed 43% of your growth or pre-tax income, then that is too much. that is a loan that is becoming too onerous and you might have trouble repaying. anything below 43% is acceptable as a qualified mortgage. anything above that s
that is a rich interest level in this environment. you have to wonder if the bank isn't holding on to your loan to maintain that high level of interest. i wonder if the might be worth your while to try to go to another bank and not refinance with the same company. it has become a much more difficult circumstances to get a mortgage because the banks are still recovering from all the bad loans that day made during the real estate mania. host: this idea of the debt to income ratio. that was...
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Jan 19, 2013
01/13
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MSNBC
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sales, and if we make them less likely to be be options for people to purchase, and if we create an environment where you are not going to have a gun show in our community, that is really all we are allowed to do. >> and let me make a push, because that seems right to many, but my concern about the prohibition areas, in the all-out ban, and also leading for the supreme court to have a stronger position on the second amendment, you get into an 18th amendment prohibition problem and the handguns are easily that people have them and easily hidden and creates a black market for them, so i love the language of the culture change, because that is what we did for cigarettes. we made it harder to smoke in public and sued the companies to pay to educate people against their own product. is that a possibility here? >> yes, i believe so. in virginia, i don't talk to a single person or audience frankly that does not understand the issue of a background check. when we vol unteer with our children at school or in church activities, we all have to undergo a background check. when you get a puppy at the pound,
sales, and if we make them less likely to be be options for people to purchase, and if we create an environment where you are not going to have a gun show in our community, that is really all we are allowed to do. >> and let me make a push, because that seems right to many, but my concern about the prohibition areas, in the all-out ban, and also leading for the supreme court to have a stronger position on the second amendment, you get into an 18th amendment prohibition problem and the...
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Jan 13, 2013
01/13
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he is not responsible for them having a proper environment in which to do their jobs and that will include making sure that don't ask, don't tell and elimination of don't ask, don't tell is fully implemented. >> with regard to the military budget, he has called the military a bloated organization. chairman of the joint chiefs, martin dempsey, said this week that we are on the brink of creating a hollow force. would a secretary of defense hagel preside over the hollowing out of the defense department? >> the biggest concern with respect to who will league out is this sequester that's hanging like a sword over the department. that's what they had tried -- have to not let that happen but with respect to going in and finding things within the department of defense that perhaps you don't need or you can eliminate, if that's what you mean by bloat, i hope he does find bloat and gets rid of it. >> do you agree with his characterization that it's bloated? >> bloated doesn't necessarily mean the whole department is bloated. bloated mean there is are probably things in the department that you can ta
he is not responsible for them having a proper environment in which to do their jobs and that will include making sure that don't ask, don't tell and elimination of don't ask, don't tell is fully implemented. >> with regard to the military budget, he has called the military a bloated organization. chairman of the joint chiefs, martin dempsey, said this week that we are on the brink of creating a hollow force. would a secretary of defense hagel preside over the hollowing out of the defense...
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Jan 13, 2013
01/13
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FOXNEWSW
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. >> and our response to that s we have no problem with the protection of the environment and wettelands but if it is a public good the entire public should have to pay for it. you shouldn't force one property owner to bear the entire burden of playing for that. >> shannon: to get the permit that he wants to fix the land. do you you feel like you you have is taken on something that is a bigger fight for all americans, all landowners. >> definitely. this affects, of course, not only us and we are in the final stages but it affects any one in the state of florida who owns property. and as far as that goes in this country who owns property because if you assuming that we do come through this successfully it will at least hopefully stop this flood of government regulation and taking land. >> shannon: at this point do you feel like it is a fair fight, the individual land own oar versus the government? do you feel like there is a balance of powethere or not? >> if i had warren buffett's money it would be fair. there are two aspects. number one the financial and number two the time. many people
. >> and our response to that s we have no problem with the protection of the environment and wettelands but if it is a public good the entire public should have to pay for it. you shouldn't force one property owner to bear the entire burden of playing for that. >> shannon: to get the permit that he wants to fix the land. do you you feel like you you have is taken on something that is a bigger fight for all americans, all landowners. >> definitely. this affects, of course, not...
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Jan 13, 2013
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what sort of environment are we looking at in terms of what assad might do next? >> it is extremely chaotic and unpredictable. because of the internationalization, much has been said this is part of war. with the money coming into it and the weapons, money from the gulf country to the rebels. it is a regional conflict. the fighting is taking place and has regional complications. >> chemical weapons. i believe his statement is he said earlier he is alluding to the chemical weapons and said it could involve u.s. troops saying you have to keep the possibility that if there is a peaceful transition and international organizations get involved that they might ask for assistance in that situation. so defense secretary paneta discussing troops and the weapons. >> for u.s. and israel, they hinted at the fact that they would use force if they needed to ensure them is it falling into the hands of people that could be dangerous. dictators use chemical weapons. in a moment of desperation if this regime feels its back is against the wall and time is running out it may resort t
what sort of environment are we looking at in terms of what assad might do next? >> it is extremely chaotic and unpredictable. because of the internationalization, much has been said this is part of war. with the money coming into it and the weapons, money from the gulf country to the rebels. it is a regional conflict. the fighting is taking place and has regional complications. >> chemical weapons. i believe his statement is he said earlier he is alluding to the chemical weapons...
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Jan 18, 2013
01/13
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but we had to adjust to the environment we're in right now. that's what we're dealing with. >> where would you say the net flow is now between morgan stanley brokers and merrill brokers right now? who's winning? are you -- you added more? have they -- and are you -- are you in an aggressive mode right now in terms of offering them increased compensation to come to morgan stanley, or -- >> i'm going to give you an answer which may be a little counterintuitive. the person who's winning might be the one who's actually losing on net flow. in other words, there are some very aggressive recruiting packages out there. anybody can go out and spend money -- >> in the past -- >> spend money and buy talent. do you want us just buying talent? >> i don't know. where are you now in terms of totals? >> we're over 16,500. i forget exactly. i think merrill -- you know, honestly, i don't even know. >> ubs is a big player. >> well, ubs is very different. they're a global private bank doesn't have brokers, has private bankers. the domestic business which is the o
but we had to adjust to the environment we're in right now. that's what we're dealing with. >> where would you say the net flow is now between morgan stanley brokers and merrill brokers right now? who's winning? are you -- you added more? have they -- and are you -- are you in an aggressive mode right now in terms of offering them increased compensation to come to morgan stanley, or -- >> i'm going to give you an answer which may be a little counterintuitive. the person who's...
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Jan 15, 2013
01/13
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so our efforts are very important to try to create this environment is most appropriate. that is what we are doing. there are potential risks and inflation was mentioned. we have obviously used an expansionary monetary policy and we have increased the amount of reserves that banks hold with the bad. there are some people that think that that will be inflationary. personally i don't see much evidence of that. inflation, as i mentioned, has been quite low. expectations remain anchored. private sector forecasters do not seek any inflation coming up, and in particular, we have, i believe, with all the tools that we need to undo our monetary policy stimulus and to take that away for inflation becomes a problem. so i do not believe that you can inflation is going to be a result of any of us. that being said i stability -- in terms of stability, it is well maintained. the other thing worth mentioning is financial ability. this is a difficult issue. the concern has been raised by keeping interest rates very low that the federal reserve induces people to take greater risks in thei
so our efforts are very important to try to create this environment is most appropriate. that is what we are doing. there are potential risks and inflation was mentioned. we have obviously used an expansionary monetary policy and we have increased the amount of reserves that banks hold with the bad. there are some people that think that that will be inflationary. personally i don't see much evidence of that. inflation, as i mentioned, has been quite low. expectations remain anchored. private...
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Jan 21, 2013
01/13
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FBC
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nothing to do about the environment, everything to do about making money for obama's cronies in the green energy space. lori: certainly maybe if you are shareholder you can get a piece of that and invested those. you could try and profit along with it. one thing that i heard a lot before the election from people in the energy industry is that they really believe that after the election it would clear the way politically for president obama to be a proponent of the exxon pipeline. i felt like he fundamentally was against the idea. >> to get reelected without approving a pipeline that could have brought us more energy security and jobs. you get elected without that. why will he do it now? his climate change the agenda will be very high. he will talk about a carbon tax, but we will release its of regulatory agencies, resting down on the regulations to force the price of regular fool's fire lori: maybe some of these will be built by people who are more friendly. have we heard a name? >> i expected to be worse. greenhouse rules in the pipeline. it will stop the construction of the coal-fired p
nothing to do about the environment, everything to do about making money for obama's cronies in the green energy space. lori: certainly maybe if you are shareholder you can get a piece of that and invested those. you could try and profit along with it. one thing that i heard a lot before the election from people in the energy industry is that they really believe that after the election it would clear the way politically for president obama to be a proponent of the exxon pipeline. i felt like he...
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Jan 19, 2013
01/13
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MSNBC
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and right now, the environment is just not good to have that kind of discussion. we saw it with the fiscal cliff discussion. we saw when you get to last-second discussions, good decisions aren't made and really nobody wins in those because then you have to sort out what happened. i think the republicans are saying, listen, let's have a cooling-off period, let's figure out how we want to approach this. let's work on solutions. that's what mayors do all day long. we work on solutions. we get frustrated when the ideology becomes the bigger issue than solving these problems. we'd love -- if this reprieve results in congress being able to actually take action at some time other than 11:59, we'll be happy because the certainty of decision has more impact on the economies of our cities and on us than decisions that are made. business and people adjust to decisions, good decisions and bad decisions. what they can't adjust to is uncertainty. if that reprieve gives us a little bit more time to get a good decision and congress maybe can change how they do business, we're all
and right now, the environment is just not good to have that kind of discussion. we saw it with the fiscal cliff discussion. we saw when you get to last-second discussions, good decisions aren't made and really nobody wins in those because then you have to sort out what happened. i think the republicans are saying, listen, let's have a cooling-off period, let's figure out how we want to approach this. let's work on solutions. that's what mayors do all day long. we work on solutions. we get...
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Jan 20, 2013
01/13
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in that kind of environment, i think it's very, very difficult to wrestle with or more me protry to predict what may or may not happen in the middle east but it seems pretty clear the obama administration is moving more towards a strategy and tactics, a smaller footprint in the middle east, right, less intervention oriented and more strategic. if you look at the selections for his defense team, he's interested in prosecuting the war on terror in a very different way. at the end of the day, i hope the middle east works some of its issues out without a lot of u.s. intervention, but we can't predict what may or may not happen in the next four years in that region of the world. >> interesting because robert gibbs echos the sentiments james is sharing with regard to the time this president has. and robert says a year and a half at best to get something actually accomplished. it's sort of a myth when a president is re-elected. four more years. you hear the chants of people. not so much. >> two max i would think. >> i think probably the biggest potential disaster would be a terrorist attack in thi
in that kind of environment, i think it's very, very difficult to wrestle with or more me protry to predict what may or may not happen in the middle east but it seems pretty clear the obama administration is moving more towards a strategy and tactics, a smaller footprint in the middle east, right, less intervention oriented and more strategic. if you look at the selections for his defense team, he's interested in prosecuting the war on terror in a very different way. at the end of the day, i...
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Jan 17, 2013
01/13
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CNBC
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and then the mortgage re-phi boom in this interest rate environment has been a boom in the past couple of years. those are going to expire at some point. with interest rates where they are, it's difficult for the banks on margin. there's no question the banking system is much stronger, earning better and is has much higher capital and liquidity than it's had probably forever almost. >> you know, well, that's quite a statement because there's a lot of people who would still say banks shouldn't necessarily be turning around and handing capital back to shareholderses. would you agree that given the improvements we've made, it's time for them to be allowed to go forward? >> i think that the banks have accumulated so much capital and that they really don't have a good use for it in light of the lack of qualified loan demand. i'm not saying lack of loan demand because there's a lot of loan demand. but the credit standards are much higher and you don't have much to do with the capital. so you have to give it back if you don't need it. i'm talking about toous banks. it's not true around the wo
and then the mortgage re-phi boom in this interest rate environment has been a boom in the past couple of years. those are going to expire at some point. with interest rates where they are, it's difficult for the banks on margin. there's no question the banking system is much stronger, earning better and is has much higher capital and liquidity than it's had probably forever almost. >> you know, well, that's quite a statement because there's a lot of people who would still say banks...
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Jan 17, 2013
01/13
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it is a tough environment for luxury as people trade down and start looking for bargains. joining us is susan lyne, chairman of gilt.com. she's also the former president and ceo of martha stewart living. also on set with us this morning our guest host, mellody hobson. susan thank you for joining us this morning. >> thank you. >> i checked out gilt.com and i have to say, these are great brands at great prices. >> it is. >> how do you offer some of the bargains you're offering? >> you know, we've got long relationships now, we're about five years old, with many of the top brands, and they realize this is a great way for them to sell excess inventory and everyone has excess inventory because these are event-based sales. they're quick. and consumers love them. >> i've seen you run out of stock quickly on these things. buy it now or it's gone type of situation. >> yep. >> is it a difficult environment for luxury right now? is that a fair estimation? >> our sector has had a fantastic holiday. we were up over 30% on gilt.com. >> but you're talking about bargain prices, where peop
it is a tough environment for luxury as people trade down and start looking for bargains. joining us is susan lyne, chairman of gilt.com. she's also the former president and ceo of martha stewart living. also on set with us this morning our guest host, mellody hobson. susan thank you for joining us this morning. >> thank you. >> i checked out gilt.com and i have to say, these are great brands at great prices. >> it is. >> how do you offer some of the bargains you're...
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Jan 18, 2013
01/13
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the main thing is capital will flee a hostile environment. if i were a risk taking entrepreneur in california i would be thinking about heading east to texas. >> i feel a bit dumb because i had no idea of the export power of texas. i probably would have picked california. we'll show a table and what this table says is texas 2011 exports, $251 billion in second place california at $159 billion. that is very impressive. hears what i like the most. go to the next table. it is easy. when i first heard it i said it's obvious because california doesn't maximize natural resources because of the green component. has such a large lobby and presence in california. even if you extract all the exports petroleum and coal products that still leaves you around 200 billion. you're still blowing the competition away. >> yep. isn't that nice? we also have great trading partners in mexico and canada and we send a lot of parts to the factories which are tremendous engine of growth for mexico. so our number one trading partner is mexico followed by canada and the
the main thing is capital will flee a hostile environment. if i were a risk taking entrepreneur in california i would be thinking about heading east to texas. >> i feel a bit dumb because i had no idea of the export power of texas. i probably would have picked california. we'll show a table and what this table says is texas 2011 exports, $251 billion in second place california at $159 billion. that is very impressive. hears what i like the most. go to the next table. it is easy. when i...
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Jan 15, 2013
01/13
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this is a very good credit environment. but that is a huge amount of financing for an lbo. in fact we haven't seen something like that since the financial crisis, and you're not buying into a great road story here. you're not buying into energy. you're buying into dell. basically the banks would be asked to do a bet on the personal computer market. >> dan, the second piece of this, as i think about it, though, is this idea that you're actually going back to the club deal, right? you're having two firms club up, and now with something that was, almost, i thought it was now a relic of the 2007, '06, '05 and people were no longer going to do that, at best, they were going to partner potentially with their own limited partners like the pension funds but not necessarily together to fund themselves. >> yeah, and it's particularly interesting that tpg is involved in this. one of the biggest private equity firms in the world but they might have some troubles fund-raising next time out. their performance hasn't been good the last two funds. one of the things they've been telling the
this is a very good credit environment. but that is a huge amount of financing for an lbo. in fact we haven't seen something like that since the financial crisis, and you're not buying into a great road story here. you're not buying into energy. you're buying into dell. basically the banks would be asked to do a bet on the personal computer market. >> dan, the second piece of this, as i think about it, though, is this idea that you're actually going back to the club deal, right? you're...